Victory Capital Management Inc. Increases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Victory Capital Management Inc. increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 73.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,079 shares of the insurance provider’s stock after acquiring an additional 131,625 shares during the quarter. Victory Capital Management Inc. owned approximately 0.20% of Cincinnati Financial worth $44,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the third quarter worth approximately $28,000. Y.D. More Investments Ltd lifted its holdings in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at $42,000. Finally, Quarry LP purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at $43,000. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Trading Down 0.6 %

Cincinnati Financial stock opened at $139.96 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market cap of $21.91 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The stock has a 50-day moving average of $139.55 and a two-hundred day moving average of $141.74. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.